2023-11-21 16:15:35
Bloomberg quoted multiple people familiar with the matter as saying today that the U.S. Department of Justice is negotiating an agreement with Binance, requiring Binance to pay $4 billion. The latest news indicates that it will be officially announced at 4 o’clock this morning.
(Previous summary: The U.S. Department of Justice is considering “suing Binance for fraud,” but is afraid of triggering a run similar to FTX)
(Background supplement: Archyde.com｜Binance has been under investigation by the US Department of Justice for 4 years. How can it get rid of US regulatory restrictions?)
Earlier today (21), Bloomberg quoted people familiar with the matterdisclose，The U.S. Department of Justice is negotiating an agreement with Binance that would require Binance to pay $4 billion to resolve its investigation into multiple criminal violations.
According to the latest news released by Bloomberg at 23:46, the U.S. Department of Justice will announce a cryptocurrency enforcement action at 4 a.m. Taiwan time. People familiar with the matter revealed that it will announce a historic settlement with Binance.
As soon as the news came out, the price of BNB jumped 7% and once reached US$271.9. It fell slightly before the deadline and is now trading at US$263.5.
If it is confirmed that Binance actually paid $4 billion, it would become the largest fine ever in a cryptocurrency criminal case.
Three people familiar with the matter said the agreement aims to strike a balance that allows Binance to continue operating rather than risking its collapse, negatively impacting the market and cryptocurrency investors.
However, it is worth noting that people familiar with the matter revealed that Binance founder Changpeng Zhao may still face criminal charges in the United States.
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Tags: Binance
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